Provo City

Broadweave Merger


On August 18, 2009, Broadweave Networks and Veracity Communications announced their intent to merge the two companies, creating Veracity Networks, Inc. In addition, the new combined board approached Provo City about a restructuring of the note used by Broadweave to purchase the iProvo network. The following links to documents associated with the merger and the note restructuring are posted here to provide broad access to the important information associated with this transaction.
 
Broadweave Veracity Merger Press Release
Broadweave Veracity Merger MOU
Amendment to Note
Amendment to Surety
Acknowledgments and Notices
Forbearance Agreement
Broadweave Veracity Merger FAQ
Video on Merger